ETH 2.0 And High Transaction Fees..

[KimmyF]

The high cost of ethereum gas is still a big problem for crypto users, especially holders of coins generated from the ethereum platform. because not everyone can afford to pay the high gas costs especially if they want to convert their coins and it is not necessarily worth the selling price of the to Coins.

Op didn't ask about the Ethereum cost problem. I think, OP asked after the situation transaction cost of Ethereum 2.0, if still the same. Ethereum TPS will increase to 5K-10K times faster than now. That's how Ethereum transaction cost will minimize. Users demand isn't being fulfilled by Ethereum blockchain transaction speed.

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[el kaka22]

First of all, eth 2.0 should not only "can't fix it" but also should make it even harder, but we are still excited about it.
The reason for that is, staking is famously known to be slower compared to miners in the current methods, which means if you have high demand and pay a lot to miners, you would probably pay more to staking people as well, it will be very difficult and the price will be a lot higher.

What we are hoping is, if they turn into proof of stake one day (still waiting for it) they should also add something brand new that makes transactions faster and cheaper as well, with that method staking shouldn't be a problem, however if they turn into staking right away without a solution to high fees, it will definitely be a bit chaos and fees should skyrocket to unwanted and bad levels.

[Fivestar4everMVP]

Well well, I've read every comment and thanks to everyone for clearing my doubts, my reason for asking this question is that I've personally have been using ethereum for a very long time now, both for my business and as private investment and the high fees have really affected business, but am relaxed now waiting for Eth 2.0 to launch, hopefully, things will be alright again.

Thank you all

[Cryptlendon]

Please bring on the eth 2.0 I have spent so much on this fee,
Imagine sending 10 dollars worth of #BLZ to exchange and paid 5dollars for fee, I mean its very painful

[masterrex]

IMHO, I think the Eth 2.0 upgrade is not designed to tackle the transaction fees issues instead, it was meant to solve the scalability problems thats why I believe that even the Eth 2.0 upgrade was successfully delivered but still, it will not solve the transaction fees issues and it might be required another upgrade to tackle those unstable transaction fees, because in the current set up if you have to pay the more high fees (high Gwei) the faster your transaction to be confirmed.   

[FontSeli]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

It won't make much difference to me. If I need to, I still send transactions to the Ethereum network, despite the large fees. It all depends on what you can get by paying the Commission. If you earn much more, there is no problem.
Ethereum 2.0. is being developed for a very long time and to be honest, I have already lost hope that something good will be done. Most likely, the case will end in a big scandal.

[Viscore]

ETH 2.0 would be the solution, that is the reason why it exists. If this can't take things back to normal, then we have to accept it. Besides, this only happened today as Defi projects hit on the market, and it will be over pretty soon. Maybe we should have to wait that moment if we want to save a few bucks, otherwise, we have to sacrifice. If I have to move 1ETH for just 3$, 5$, it was still acceptable but the problem if we are just transferring a very small amount.

[drlukacs]

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

nope, Ethereum will never die due to the high transaction fees. on the Ethereum platform seems to have everything, a wide and very reputable grid array. temporary due to the large volume of transactions to DEXs and that is the reason why transaction fees become higher than ever.
Besides, in the near future, Ethereum 2.0 will open Staking and investors will be more profitable when implementing PoS because the current volume is very high. has always been in Ethereum's favor, they will just get richer

[Rafiqul]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

All of us who have been working with cryptocurrencies for quite some time are waiting for the rise of Etherium 2.0. We hope Ethereum 2.0 will solve the latest problems, especially Ethereum's high transaction fees. And if it doesn’t or it fails, crypto users will be forced to think of alternatives; Although this does not kill Etherium, it is likely to cause extensive damage.

[bobyhodob]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

All of us who have been working with cryptocurrencies for quite some time are waiting for the rise of Etherium 2.0. We hope Ethereum 2.0 will solve the latest problems, especially Ethereum's high transaction fees. And if it doesn’t or it fails, crypto users will be forced to think of alternatives; Although this does not kill Etherium, it is likely to cause extensive damage.

If you look at currently there is a Uniswap project that has a new trading method and makes ethereum transaction fees higher because the Uniswap project is based on ethereum so all transactions use the ethereum platform which ultimately makes transaction fees even more expensive.

[Princejebs]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Well, according to some developers, Ethereum 2.0 is far from what and when everyone is expecting. It will take time than how many are anticipating. The testnet has been released which is already launched and working, I can't really say there can be a point of failure on ethereum 2.0 global adoption.

[JeffBrad12]

It would not be meant death for ethereum but the developer has the more time to do another proposal that can fix the problem that has faced by ethereum.
The proposal for the upgrade of ethereum can be released anytime and when the proposal is not effective to fix the problem and ethereum core developers will think for another way to do that. But i believe when each block of ether can process up to 1k tx/s and it will be enough.

[TimeTeller]

It would not be meant death for ethereum but the developer has the more time to do another proposal that can fix the problem that has faced by ethereum.
The proposal for the upgrade of ethereum can be released anytime and when the proposal is not effective to fix the problem and ethereum core developers will think for another way to do that. But i believe when each block of ether can process up to 1k tx/s and it will be enough.

I don't think eth developers will let that situation to happen, death or partial death, whichever it is.
They will surely resolve this ongoing problem and I guess, they are not just sleeping on this current bottleneck from its users.
They are aware of this situation because everyone is complaining about this ridiculous fees, maybe they are not just disclosing what they are doing behind the preying eyes of the community.
Let us all hope that they will give their side along the resolution as soon as they can. Because this is already taking toll to most of its users.

[MCobian]

I'm sure the Ethereum developers team will do their best, so that ETH 2.0 will solve the problem with high transaction fees.
But if it fails in the end, it's likely that users will look for alternatives that have cheaper transaction fees. Because users definitely
want cheap and fast transactions. But I believe that Ethereum developers will be able to overcome the problem of higher transaction
fees, which is still a hot news which continues to be discussed until now.

[wack slacker]

The problem with ETH is the mechanism of buying VIP tickets, auctions are still going on even though ETH 2.0 could help with transactions faster. People continue to compete for their transactions to be submitted faster, especially in Presale situations at DEX.
As for ETH 2.0, transaction costs could decrease, but not by much.

[ampu]

ETH 2.0 is just one of the solutions to reduce costs but I believe the cost is only slightly reduced. The more DAPP on Ethereum increases, the more people will use it.
Transaction costs on Ethereum in the form of an auction are not chronological. So there will continue to be auctioned to get confirmed faster that keeps the costs up.
Ethereum needs to change its confirmation chronologically to solve the transaction cost problem.

[oscarftw]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

ETHEREUM 2.0 will launch to minimize the all problem that's already had in Ethereum blockchain. Ethereum transaction per second is very slow than others blockchain even transaction cost. Ethereum founder could lose these users who's don't want to agree with the high cost. Proof of staking is another feature of Ethereum but TPS and cost are also on focus.

[Warkop]

For high ETH transaction fees in my opinion it all depends on the user, because users want the transaction to be confirmed fast so many users use high fuel costs and for miners prefer to take high gas costs than cheap ones to do. So that the increasingly rampant transactions of those who use low fuel costs inevitably have to impose very high fees if they want to be confirmed quickly. So all of this has nothing to do with ETH 2.0 and is not going to die.

[NASdaq]

ETH 2.0 should increase TPS, therefore fees should be lower. But the main question - will this TPS be enough?

[giammangiato]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

If ETH 2.0 will have high fees I think that the project will end and because fees for 90% of users are very important, but if this new project will have new application and the payement of these fees justifies it there won't be any problem